Tesla CEO Elon Musk has become Twitter’s largest shareholder by purchasing 9.2% of “passive shares” in Twitter. Twitter shares rose after this development.
Tesla CEO Elon Musk announced that he has joined the board of social media giant Twitter.
Twitter CEO Parag Agrawal announced that Musk will join the company’s board of directors.
Musk will serve as class 2 executive and his term will expire in two years at the Twitter shareholders meeting in 2024.
A long-term Dogecoin investor, Musk has previously stated that he will support the implementation of Dogecoin on social media and even He stated that he was seriously considering creating a new platform.
Now that the Tesla CEO can influence the decision-making process on Twitter, he can develop new projects to promote Dogecoin to users on Twitter.
Dogecoin (DOGE) Rises
Dogecoin rose after Elon Musk announced he was joining the Twitter board. At the time of writing, Dogecoin was trading at $0.157, up 4.49%, according to CoinMarketCap data.
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